Wednesday , May 18 2022

The legendary castle "La Mamounia" is for sale


The legendary castle "La Mamounia" was enrolled on Thursday on an official list of privatized public companies from 2019. This is indicated by the French website "Libération". Since 1922, La Mamounia welcomes stars from all over the world in the heart of Marrakech. The legendary palace is owned by 62 percent of the civil service (ONCF) since Thursday on an official list of public companies that can be privatized from 2019, confirming rumors that had been going on for some time, indicating the French site. And to add that this operation, intended to pay out the coupons of the state, the operation should give Morocco 10 billion dirham. However, the text must still be approved in Parliament.

Mamounia has hosted opening many celebrities: Winston Churchill (working with painting), Ronald Reagan, Jacques Chirac, Orson Welles, Nelson Mandela, Hillary Clinton, Elton John … The famous palace, which has about 200 bedrooms and suites, also used for filming, like Alfred Hitchcock's "The Man Who Went Too Much". La Mamounia was closed in 2006 for major renovations and its furniture, art deco, Spanish-Moorish or French classic, were sold at auction. The luxury hotel was opened three years later.

Like La Mamounia, Tahaddart's thermal power plant is on the list of privatizable companies. With a power of 384 MW, this plant is operated near Tanger (North) by a 48% owned by the public group ONEE, 32% of Spanish Endesa Generation and 20% of German Siemens Project Ventures, said the French website. To conclude that 77 companies since the launch of the first privatization program in 1993 were wholly or partly sold to the private sector for a total of DEM 103 billion.

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